A company wants to replace a current machine. It will cost$1,076,124. and 7years from now. If they save$9,039 a month in an account that gives them 0.28 per month, how much money will they still need to pay for the machene. i will 20 upvotes don't use chatgpt answer .

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Q: How can we find Annual Equivalent?

A: We can find the annual equivalent by using the following formula.

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Q: No chatgpt used i will give 5 upvotes typing please

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